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we heard from speaker john boehner. we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in the house and the senate. we have to solve this problem. what i like about what speaker boehner is doing, he is at the table trying to get this done. connell: you are behind your speaker is basically what i am hearing. >> absolutely. he does not want to raise rates. we have to get serious. what i have not heard from the president any details on how he would actually cut spending. connell: say if the president were to come up and say i am going to cut into medicare, you know, i don't know if they double it, but they come up with a lot more in the medicare cuts, are you prepa
we heard from speaker john boehner. we heard from president obama also. we now have a republican from utah joining the discussion. i want to ask you here, and the time we have, what is going on inside of your party. speaker boehner is giving away too much, the tax hikes, 800 billion, only half of what president obama has on the table. still, too much for republicans to be in favor of. >> we want to solve the problem. i am proud of what speaker boehner is doing. there are 535 members in...
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john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline right now and there's a lot of supply of oil, you still have to worry about the concerns about the middle east heating up. going into a weekend i'm amazed we're not getting more of a rally off of that. back to you melissa and adam. melissa: that's a great point. phil flynn, thanks so much. adam: we have breaking news right now and this is of verying ford. ford is recalling 19,000 of 2013 fusion sedans for another -- this is the second recall for this vehicle according to "the wall street journal" here's the issue. it has to do with a codin
john boehner nervous going into the weekend. long term still very good buy, holding above the 100 day moving average. we're seeing record amounts of gold going into etfs. big players are still very bullish on this market and we're hanging in there. let's move into the oil market a little bit as well. the oil market has been struggling. big supplies. we did get a bounce off the jobs report. we're back down a little bit today. and considering the fact that yes, we're way oversupplied in gasoline...
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we are expected to see john boehner speak. am i wrong in assuming we did not think we will get any comments from either side? >> you are right. the issue with that is typically when you are making progress you won't hear from the principals or get any leaks and we have seen that the last couple days but we heard from john boehner friday and the president yesterday so people have been talking and there are folks around town seeing that as a negative indication and sources have told us it has been slow going in these negotiations. cheryl: rich edson. dennis: the dow losing 112, they're starting to catch wind that john boehner will say something depressing instead of hopeful. clearly betting on good news. cheryl: rich edson obviously standing by, thank you, we will take those live comments from john boehner when you guys appear on the house floor. dennis: i will go with this. even if we do avoid the fiscal cliff our next guest says a european blow up and apple topping out could be bigger holders for the market in 2013. there is g
we are expected to see john boehner speak. am i wrong in assuming we did not think we will get any comments from either side? >> you are right. the issue with that is typically when you are making progress you won't hear from the principals or get any leaks and we have seen that the last couple days but we heard from john boehner friday and the president yesterday so people have been talking and there are folks around town seeing that as a negative indication and sources have told us it...
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Dec 13, 2012
12/12
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those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here. there are concerns about the fiscal cliff. we just have the deadline timeclock up again. we know that we have very accommodative fed's. let's take a look at some european markets. finance ministers have been discussing things including giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge
those are the words of house speaker john boehner. harry reid, the democrats, of course, said we cannot ignore the american people on tax hikes. ron hine on why he says there is still no reason to panic on the cliff. our very own lou dobbs is not buying it. adam: our very own nicole petallides is on the new york stock exchange. where do we stand right now. right now the dow jones industrials are down nearly 60 points. the nasdaq composite is down three quarters of 1%. not a great day here....
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speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's look at the major market averages. the dow is up triple digits, completely erasing losses over last couple days. posting a gain for the week. tech-heavy nasdaq pom cost it is moving to the because weighed down by apple. research and findings have found that apple faces intense competition in the tablet market for ipad and ipad mini and probably will lose market share to android and even microsoft systems. you're seeing apple down 28, almost 29 bucks. a terrible day if you're a shareholder hoping to get to the upside. a lot of folks hope it will get back to 700. not today. look at citigroup on the other hand
speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's...